巴塞尔资本协议中英文完整版(12附录4(英文))

Useful life of the project may not exceed tenor of the loan. Bullet repayment or amortising debt repayments with high bullet repayment.
Political and legal environment Political risk, including transfer risk, considering project type and mitigants Force majeure risk (war, civil unrest, etc), Government support and project's importance for the country over the long term Very low exposure; strong mitigation instruments, if needed. Low exposure. Project of strategic importance for the country (preferably export-oriented). Strong support from Government Favourable and stable regulatory environment over the long term Low exposure; satisfactory mitigation instruments, if needed. Acceptable exposure Project considered important for the country. Good level of support from Government Favourable and stable regulatory environment over the medium term Satisfactory Moderate exposure; fair mitigation instruments. Standard protection Project may not be strategic but brings unquestionable benefits for the country. Support from Government may not be explicit. Regulatory changes can be predicted with a fair level of certainty Fair High exposure; no or weak mitigation instruments Significant risks, not fully mitigated Project not key to the country. No or weak support from Government
Strong Financial structure Duration of the credit compared to the duration of the project Amortisation schedule Useful life of the project significantly exceeds tenor of the loan Amortising debt
The project is vulnerable to stresses that are not uncommon through an economic cycle, and may default in a normal downturn.
The project is likely to default unless conditions improve soon.
Construction risk Permitting and siting All permits have been obtained. Some permits are still outstanding but their receipt is considered very likely. Fixed-price date-certain turnkey construction EPC Significant liquidated damages supported by financial substance AND/OR completion guarantee from sponsors with good financial standing Some permits are still outstanding but the permitting process is well defined and they are considered routine. Fixed-price date-certain turnkey construction contract with one or several contractors Adequate liquidated damages supported by financial substance AND/OR completion guarantee from sponsors with good financial standing Key permits still need to be obtained and are not considered routine. Significant conditions may be attached. No or partial fixed-price turnkey contract and/or interfacing issues with multiple contractors Inadequate liquidated damages or not supported by financial substance or weak completion guarantees.
Good
Satisfactory
Weak
Useful life of the project exceeds tenor of the loan Amortising debt
Useful life of the project exceeds tenor of the loan Amortising debt repayments with limited bullet payment.
Stability of legal and regulatory environment (risk of change in law)
Current or future regulatory issues may affect the project Weak
Acquisition of all necessary supports Strong and approvals for such relief from local conEnforceability of contracts, collateral and security
Good
Satisfactory
Weak There are unresolved key issues in respect if actual enforcement of contracts, collateral and security.
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Annex 4
Supervisory Slotting Criteria for Specialised Lending
Table 1 - Supervisory Rating Grades for Project Finance Exposures Strong Financial strength Market conditions Few competing suppliers OR substantial and durable advantage in location, cost, or technology. Demand is strong and growing. Strong financial ratios considering the level of project risk; very robust economic assumptions. Few competing suppliers OR better than average location, cost, or technology but this situation may not last. Demand is strong and stable. Strong to acceptable financial ratios considering the level of project risk; robust project economic assumptions. The project can meet its financial obligations under normal stressed economic or sectoral conditions. The project is only likely to default under severe economic conditions. Project has no advantage in location, cost, or technology. Demand is adequate and stable. Project has worse than average location, cost, or technology. Demand is weak and declining. Good Satisfactory Weak
Transaction characteristics Design and technology risk Fully proven technology and design Fully proven technology and design Proven technology and design – start-up issues are mitigated by a strong completion package Unproven technology and design / Technology issues exist and/or complex design